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Title:The Green+ savings account of BNP Paribas Fortis
Date of publishing:June 18, 2012
Hits:11973
Category:News
Language:English
Also available in the following languages:Dutch, French

The Green+ savings account of BNP Paribas Fortis
June 18, 2012

Green or ecological saving is on the rise. This phenomenon has also been noted by BNP Paribas Fortis, who promptly responded with a new savings product: the Green+ savings account. Green savings are part of the philosophy of the banking group, namely “for a changing world” starting from a civic and social involvement. By its Green+ savings account, BNP obliged itself to grant annually, for each tranche of € 1000 euros on the Green+ savings accounts, 1 euro to Natuurpunt and Natagora, organizations actively committed to the conservation of nature in Flanders and Wallonia.

Unlike its Cricket Savings, the Green+ account of BNP is not subject to sustainability criteria. This is why Forum ETHIBEL does not typify the Green+ account as a ‘sustainable’, but rather as a ‘solidary’ savings product. For sustainable savings are elected for a precise destination, such as a reinvestment in sustainable companies and projects in social economy or micro credit. Or else, and this a new phenomenon, banks subject their full balance (their own capital) to a series of ethical criteria, which is an ambitious goal. Solidary savings on the contrary, will only be used to support one or more (non-profit) organizations, regardless of the ultimate destination of the savings volume.

The Green+ account was also noted by Fairfin, who criticized the misleading nature of the ‘green jacket’ in which the Green+ savings account is packed. For the full article, please visit: www.fairfin.be/actueel/nieuws/2012/05/groen-rekening-zonder-duurzaamheidscriteria